In the midst of plans for a controversial mega-merger with one of its chief competitors, Anthem Inc. is doing even better than expected. The health insurance giant reported a 4 percent profit increase in the third quarter, exceeding what industry analysts anticipated.
The Associated Press reports that the company attributes the profit increase to a spike in enrollment, particularly in its government-funded health plans. The company attracted 174,000 new enrollees overall, for a current total of 38.7 million customers.
The company reports that enrollment in its Medicaid plans was up 15.5 percent, while enrollment in its Medicare Advantage plans went up 2.8 percent and plans it offers federal employees went up 2 percent. The total amounted to an increase in 856,000 since last December.
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